Last year, I also experienced the most despairing moment. My account balance suddenly dropped to zero from 1.2 million, and at that moment, it felt like the whole world was collapsing. My phone was shattered, all trading apps deleted, and I locked myself in a room for a full two months. Every day, I watched the candlestick charts fluctuate up and down, feeling like something was choking my throat, making it hard to breathe. People around me kept telling me "accept it," but that stubbornness in me just couldn't be suppressed.
At the beginning of this year, when I logged into my account again, there was only 3400U left. Staring at the screen, I told myself: either I get out now and never look back, or I take this remaining bit of soldiers and fight one more time.
Everyone who has experienced that kind of despair understands — staying awake every night watching the fluctuations, feeling like the entire market is against you.
But no one expected that, with just over three thousand yuan, I managed to gradually rebuild. From tens of thousands to hundreds of thousands, then doubled again... not only filling the hole from last year but also earning over 50U more. Sounds like bragging? But what I want to say is, what supported me through this wasn’t luck, but three iron laws gained from repeated failures.
**First: Never run out of bullets**
My most deadly habit used to be greed. Always thinking "this wave will definitely turn around," which led to the fastest death. Later, I set a strict rule for myself: no single position should exceed 40% of the total, and the remaining capital must be firmly held. If floating loss reaches 15%, cut it immediately — don’t be soft, preserving the capital is the only way to continue playing this game.
**Second: Follow the market, don’t fight your own illusions**
I’ve seen too many people trying to buy at the lowest point and sell at the highest, only to be repeatedly slapped in the face by the market. Eventually, I realized that the market is always smarter than you; following the trend is the right way to survive. When technical indicators turn bad, you should withdraw, regardless of whether it’s a "good price." Emotions and market sentiment are often your biggest enemies.
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DeFiGrayling
· 01-06 18:17
1.2 million instantly wiped out, truly incredible. I've also experienced that hellish feeling.
3400U to flip? Man, you must have incredible mental resilience.
Honestly, I'm just afraid that people who know these rules haven't actually followed them.
It's easy to get stubborn when making money, and it's even easier to go all-in when losing money.
Cut 15%? Easier said than done.
Is this another case of survivor bias... But I do agree, don't fight against illusions.
The key is whether you can really hold onto that 40% position. That's much easier to say than to do.
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HodlKumamon
· 01-04 20:58
The data speaks: from 1.2 million to 3400U, then doubling... How high does this Sharpe ratio need to be? The bear's brain is a bit overwhelmed.
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GovernancePretender
· 01-04 05:03
1.2 million wiped out is really harsh, but this story sounds... a bit familiar
From 3400U rallying, to be honest, I only believe half of it
The key is still that 40% position rule, which has really saved me several times
The most painful thing about being slapped in the face by the market is arguing with yourself, I have deep experience
However, I think sometimes a 15% stop loss depends on the specific asset, some indeed should be more aggressive?
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BearMarketLightning
· 01-03 18:51
Exactly, I can imagine the moment from 1.2 million to 3,400... You really need a bit of a crazy attitude to gamble again.
No way, I haven't held that 40% position before, every time it ends in a all-in loss.
So basically, it's about surviving to break even, don't think you can turn things around in one shot, right?
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RugDocDetective
· 01-03 18:50
The rebound story from 1.2 million to 3,400 is well told, but I really want to know how you got through those two months locked inside. Did you really never consider just deleting the app?
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RektButSmiling
· 01-03 18:49
This story sounds pretty much like that, but how many people can really stick to a 40% position?
Widespread suffering, yet still thinking about turning a profit. Honestly, it's just a gambling mentality that hasn't died.
Cutting at a 15% unrealized loss? Easy to say, but can you really press that button in that moment?
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SilentObserver
· 01-03 18:34
Sounds good, but the ones who truly make it to the end are those who can hold back and stay still.
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EyeOfTheTokenStorm
· 01-03 18:32
From a quantitative perspective, this fund management logic indeed aligns with the basic principles of the Kelly criterion. The four-tenths upper limit for single-position size is a relatively rational risk control parameter. However, I want to ask—can the 15% stop-loss line really be implemented in actual operations? The difference between market backtesting and real trading is often significant.
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PancakeFlippa
· 01-03 18:26
Alright, this story has some substance, but going from 1.2 million to a crash at 3,400 and still climbing back... you gotta have some crazy spirit.
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I'm also using the rule of 40% position size, but honestly, most people can't stick to it.
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The harshest thing is still that phrase "The market is always smarter than you," hits right in the heart.
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Turning 3,400 into a five-figure number? If it weren't for luck, I'd be stunned.
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I need to learn to cut losses at 15%; I used to think I could tough it out through rebounds, but the more I held, the deeper I sank.
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I understand that despairing for two months—that kind of mental breakdown is the most dangerous.
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The problem is, knowing these principles and actually doing them are two completely different things.
---
Losing 1.2 million and still having the courage to try again—just this mental resilience is priceless.
Last year, I also experienced the most despairing moment. My account balance suddenly dropped to zero from 1.2 million, and at that moment, it felt like the whole world was collapsing. My phone was shattered, all trading apps deleted, and I locked myself in a room for a full two months. Every day, I watched the candlestick charts fluctuate up and down, feeling like something was choking my throat, making it hard to breathe. People around me kept telling me "accept it," but that stubbornness in me just couldn't be suppressed.
At the beginning of this year, when I logged into my account again, there was only 3400U left. Staring at the screen, I told myself: either I get out now and never look back, or I take this remaining bit of soldiers and fight one more time.
Everyone who has experienced that kind of despair understands — staying awake every night watching the fluctuations, feeling like the entire market is against you.
But no one expected that, with just over three thousand yuan, I managed to gradually rebuild. From tens of thousands to hundreds of thousands, then doubled again... not only filling the hole from last year but also earning over 50U more. Sounds like bragging? But what I want to say is, what supported me through this wasn’t luck, but three iron laws gained from repeated failures.
**First: Never run out of bullets**
My most deadly habit used to be greed. Always thinking "this wave will definitely turn around," which led to the fastest death. Later, I set a strict rule for myself: no single position should exceed 40% of the total, and the remaining capital must be firmly held. If floating loss reaches 15%, cut it immediately — don’t be soft, preserving the capital is the only way to continue playing this game.
**Second: Follow the market, don’t fight your own illusions**
I’ve seen too many people trying to buy at the lowest point and sell at the highest, only to be repeatedly slapped in the face by the market. Eventually, I realized that the market is always smarter than you; following the trend is the right way to survive. When technical indicators turn bad, you should withdraw, regardless of whether it’s a "good price." Emotions and market sentiment are often your biggest enemies.